Amsterdam's cargo tram in trouble
filed on: 08.01.2009 (8th Jan 2009)
Amsterdam's cargo tram is possibly facing bankrupcy, as the city is refusing to contribute to the extra tracks that will be needed. The city is officially in favour of the project but on the condition that it works without subsidy. The cargo tram's prospective operator, City Cargo, has already raised 69 million Euros from companies such as Nuon and Rabobank, and has asked the city to contribute 5.6 million towards this track work.
The silver lining is that Veolia is said to be interested in finding a way to revive the project. There is no mention of any of this on the official City Cargo website.
This news item is from the 2009 newslog.
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